BALDWINSVILLE, N.Y., April 19, 2012 (GLOBE NEWSWIRE) -- Patient Portal (Pink Sheets:PPRG), a New York based company, announced today that the board of directors has appointed a new management team effective immediately. John O'Mara, the former chairman of the New York State Public Service Commission, was named President and Brian Kelly, Chief Executive Officer. The new management team has secured additional financing, successfully restructured debt and arranged the conversion of all preferred shares to common stock. This has amounted to a positive balance sheet impact of over 5 million dollars. This was accomplished with the cooperation of Dutchess Capital Management, Five Star Bank and other lenders.
"Positioning this company for future growth and being ahead of the curve in these changing healthcare markets is essential," stated John O'Mara, the new Patient Portal President. "I am pleased to be part of a team that is committed to creating real value for both our customers and shareholders. I see an excellent opportunity to utilize many of the unique assets Patient Portal possesses. Currently we are engaged in finalizing a suite of new services which will be announced shortly. These services, we believe, will showcase this company's broader capabilities and create new revenue opportunities within our company's existing infrastructure."
"Patient Portal has some unique elements that no other competitor in our healthcare sector has today. More importantly, we believe being able to grow this company to a significant level means focusing on its core assets and maximizing its potential in a variety of ways," said Brian Kelly, the new CEO. "Change can create great opportunities when you embrace it and have the vision to capitalize. I am excited to be a part of a great company which is passionate to make a difference. Our customer focus and continued efforts in assisting in their initiatives is of the highest importance." Recently, Patient Portal signed new multi-year contracts with Brooks Memorial Hospital, Dunkirk, New York, Kent Hospital, Warwick, Rhode Island and FF Thompson Hospital, Canandaigua, New York which will generate in excess of 3 million dollars over the term of the contracts.
About Patient Portal
Patient Portal is the nation's first total satisfaction company, committed to helping our hospital partners achieve the highest patient satisfaction scores in healthcare. We accomplish this by providing a broad array of patient-centric, non-medical services which are delivered before, during and after a hospital stay. The Company utilizes its proprietary technology and employee staffed 24/7 Customer Care Communication Center to leverage a hospital's existing infrastructure to connect patients and their families to a whole suite of services that focus on education, safety, entertainment, comfort and enhanced communication. Patient Portal currently services over 65 hospitals nationwide, and actively engages with over one million patients a year.
To view the website and obtain Company information, go to http://www.patientportal.com.